Amazon airline ATSG touts red-hot business for cargo jet leases

A large white plane with wheels down comes in for a landing.

Executives at Air Transport Services Group, which provides aircraft and outsourced cargo transport for Amazon’s private airline, say the rise in pandemic-related e-commerce is stimulating heavy demand for flying and leasing Boeing 767 freighters, and that new long-term leases will provide ongoing revenue long after the current freight peak subsides.

The provider of bundled air transport services is completely sold out with 15 leases this year, including 11 for Amazon (NASDAQ: AMZN), and already...

https://s29755.pcdn.co/news/amazon-airline-atsg-touts-red-hot-business-for-cargo-jet-leases

New A321 converted freighter passes first test flight in US

A plain white jet with a new cargo door frame visible takes off on first test flight. It's an Airbus A321 converted freighter.

A joint venture between Air Transport Services Group (NASDAQ: ATSG) and Precision Aircraft Solutions successfully completed a first test flight in Florida with an Airbus A321 converted from passenger configuration into a freighter, the companies announced late Sunday.

The A321 converted freighter is entering the market to challenge the Boeing 737-800 in the regional, express delivery segment. Its ability to carry air containers makes it a potential replacement aircraft for aging Boeing 757...

https://s29755.pcdn.co/news/new-a321-converted-freighter-passes-first-test-flight-in-us

GECAS stocks up on 737-800 converted freighters

General Electric

GE Capital Aviation Services (GECAS) said Wednesday it entered an agreement with Boeing (NYSE: BA) to convert 11 Boeing 737-800 passenger planes to all-cargo mode.

The deal includes options for Boeing to convert an additional nine 737-800s for the General Electric (NYSE: GE) subsidiary.

GECAS said its total 737-800 freighter conversion orderbook now stands at 74: 60 firm and 14 options. The orders in this latest tranche are scheduled for completion between 2022 and 2024.

Boeing has delivered 23...

https://s29755.pcdn.co/news/gecas-stocks-up-on-737-800-converted-freighters